Countrywide & Subprime Lending Crisis

Executive Summary Even though nationwide stopped offer subprime loans 4 months ago, the company is still in the forefront of the subprime mortgage bring and foreclosure crisis. Lawsuits seem to be coming from all directions, national official and state investigative probes atomic number 18 launched against them, stock price tumbled to 1/5 of its value, even desperate lenders demonstrated outside their offices. 2007 has unquestionably non been nationwides year. The company has lost its place as Americas Home Lender and has been quoted by few as Americas Home Wrecker. Countrywide reacted to the crisis, but reacted slowly. Originally Countrywide denied the existence of the problem and downplayed its importance. As the problem developed into a crisis, companys reactions seemed obligatory and sometimes spasmodic. To the defense of Countrywide, the social issues and implications of the crisis are much larger than them, and the whole U.S banking industry has not even so been able to deal with its domino effects. Last week the federal government intervened with a comprehensive plan attempting to defuse the crisis. This colossal term plan, combined with changes in the monetary policy appears promising, and allow for probably bail out the scaleowners and the mortgage lending industry.

Has Countrywide reacted through the whole crisis in a responsible counselling so that they can take advantage of the recent events and pass away with only scratches in the future? Or their reaction does not guarantee them a future position within the U.S lending industry? Introduction & Brief Company History Countrywide is a diversified financial services company focused originally on real estate finance and related activities. Since its knowledgeableness in 1969, Countrywides mission has been to help individuals and families achieve and touch on the dream of homeownership. Leadership: Countrywide is Americas #1 home loan lender. In fact, they are the leader in well-nigh every aspect of real estate finance. Diversity:... If you necessity to get a full essay, order it on our website: Orderessay

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